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Chimedtseye
Mrs. Chimedtseye is 57 years old and lives with her husband in a small house, in Hentii province of Mongolia. Her children have all gotten married and live separately now. Her husband, Erdene-Ochir, helps his wife run her business of organic fruit juice production and sales. He delivers organic juice to his wife's customers.

Chimedtseye has been producing organic fruit juice, dairy juice and birch juice since 2011. She supplies her organic juice products to local primary schools and other customers in the local market. She is requesting a 3,400,000 MNT loan. She will use the loan to purchase organic fruits and milk, to produce more organic juice and increase her income. She is a hard-working, diligent, and well-behaved woman.

Additional Information

More information about this loan

This loan is part of XacBank's green loan program, giving Mongolian farmers the support they need to grow and process organic fruits and vegetables despite harsh conditions and short growing seasons. These loans are used to obtain critical resources, like greenhouse space to shield crops from the cold, and training for traditionally nomadic entrepreneurs who lack agricultural experience. XacBank's green loan program also helps clients to improve their heating and ventilation systems, reducing pollution and health problems caused by burning fuel.

About XacBank

This loan is being administered through XacBank, a Mongolian for-profit microfinance institution. XacBank is located in every province of Mongolia, reaching some of the most rural micro business clients. With this Kiva loan, there is an opportunity for the entrepreneur to get a savings account including 9% of the interest if they pay back the loan on time. This is a special savings account that XacBank has specifically prepared for the Kiva loan borrowers to promote savings habits.

About Mongolia

  • $5,900
    Average annual income
  • 2
    View loans »
    Mongolia Loans Fundraising
  • $15,364,275
    Funds lent in using Kiva
  • 1,397.6
    Mongolia Tugriks (MNT) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,450 helped Chimedtseye to purchase more organic fruit and milk, so she can increase her income by making more organic juice drinks.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2012
Listed
Dec 16, 2012
Currency Exchange Loss:
Possible
Ended:
Jun 24, 2013